{ "method": "Nine paired books per pair, collected concurrently per observation over a short window; not stress testing. Buy and sell equal base quantity derived from each midpoint. OKX and MEXC contract quantities normalized using saved catalog specifications. Excludes fees, funding, latency, queue priority; no orders submitted. Incomplete sweeps not extrapolated.", "observations": [ { "sample": 1, "venue": "Binance", "asset": "BTC", "source": "https://fapi.binance.com/fapi/v1/depth?symbol=BTCUSDT&limit=500", "requestedAt": "2026-10-05T16:03:38.323806+00:00", "receivedAt": "2026-10-05T16:03:38.684726+00:00", "baseUnitsPerBookUnit": 1, "mid": 85180.95, "scenarios": [ { "notional": 2000, "quantity": 0.023479428205484914, "buy": { "fill": 1.0, "vwap": 85181.0 }, "sell": { "fill": 1.0, "vwap": 85180.9 }, "twoWayCost": 0.0023479428206851596 }, { "notional": 10000, "quantity": 0.11739714102742456, "buy": { "fill": 1.0, "vwap": 85181.0 }, "sell": { "fill": 1.0, "vwap": 85180.9 }, "twoWayCost": 0.011739714103425797 }, { "notional": 100000, "quantity": 1.1739714102742456, "buy": { "fill": 1.0, "vwap": 85181.51456345263 }, "sell": { "fill": 1.0, "vwap": 85180.9 }, "twoWayCost": 0.721479923190414 } ], "raw": { "lastUpdateId": 11741267224086, "E": 1791216218530, "T": 1791216218525, "bids": [ [ "85180.90", "10.738" ], [ 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